ANZ reports high consumer confidence in June

09:46 | 30/06/2015 Society

The Vietnam consumer confidence index (CCI) is up 2.9 point to 143.1 points in June- a new record high, according to a research report released on June 24 by the ANZ Bank.

ANZ reports high consumer confidence in June

According to the bank, the country’s CCI remains well above its long –term average of 137.7 and is more than 10 points above its figure for June 2014 of 131 points.

The bank said the increase in June was driven by strengthened confidence about the Vietnamese economy over the next 12 months and the next five years as well as about personal finances over the next 12 months.

Of the respondents, 61 percent ( up 5 percent) expect their families to be “better off” financially by this time next year (the highest ever recorded for this indicator) compared to only 5 percent ( unchanged) who expect to be “worse off” financially.

In the longer-term, 66 percent (up 5 percent) believe Vietnam will have “ good times” economically over the next five years.

According to ANZ Chief Economist for South Asia, Asean and Pacific Glenn Maguire, Vietnamese consumer sentiment is clearly echoing an economic recovery that is both broadening and strengthening./.

Source: VNA